Projects

Shenandoah is a world-class, proven and well-appraised oil and gas field in the deepwater US Gulf of America and is Navitas Petroleum’s most significant investment to date. Navitas Petroleum’s 49% working interest was acquired in a series of transactions in 2018 and 2019 after prior owners had invested more than USD 1.8 billion in exploration and appraisal activities. Since its final investment decision (FID) in August 2021, the Shenandoah project initial development phase has progressed to imminent first oil mid-year 2025. The development is anchored by a floating production system (FPS) initially designed to be capable of producing and exporting approximately 100,000 BOPD. In 2024, the FPS was expanded to 120,000 BOPD to enable the addition of the Monument project subsea tieback. The FPS fabrication by HD Hyundai Heavy Industries is complete and, as of Q1 2025, the FPS is in the US Gulf of America.  In December 2024, the Shenandoah partner group announced an FID on a further expansion of the Shenandoah initial development phase: the Shenandoah Expansion. It will include an increase of the FPS capacity to 140,000 BOPD by early 2026, installation of a subsea pump, and the drilling of two additional development wells. The Shenandoah Expansion is planned to be implemented during the period 2025–2028.      [embed]https://www.youtube.com/watch?v=9hu9Qx-wnKQ[/embed] Partners

Buckskin is a prolific deepwater oil and gas field in the US Gulf of America that began producing in 2019. The Buckskin development takes advantage of existing infrastructure as it is tied back to Oxy’s Lucius Spar design platform. Production from the Buckskin development has significantly exceeded expectations; in fact, two of the original wells are ranked among the top ten producing wells in the US Gulf of America (2021 and 2022). As of early 2025, the partnership has successfully brought four wells to production. The partnership continues to progress a strategic, long-term development plan to fully exploit the Buckskin reserves.       [embed]https://www.youtube.com/watch?v=5gCXDKnacAA[/embed] Partners

Navitas holds a 50% working interest in four conventional oil and gas assets in southeast Texas: Webster, Thompson, Manvel and East Hastings fields. Navitas, as operator, successfully executed the first horizontal drilling campaign in those fields, which was completed in 2022. Furthermore, Denbury (subsequently acquired by ExxonMobil) executed an additional horizontal drilling and development campaign in 2023. Both drilling campaigns resulted in a significant increase in production. In Q1 2025, ExxonMobil sold its interest in the Webster and Thompson fields to PO&G Resources.  Partners

Neches is an onshore conventional oil and gas asset in East Texas. Navitas Petroleum operates and holds a 98% working interest in this 9,400-acre field.    

Monument is a proven oil and gas field in the deepwater US Gulf of America, approximately 27 km from the Shenandoah FPS. The Monument development is a two-well subsea tie-back to the Shenandoah FPS. Navitas acquired its interest in connection with the Shenandoah investment, further proving the significant value creation of the Shenandoah infrastructure hub. The Monument Final Investment Decision was taken in March 2024, and First Oil is expected at the end of 2026. To accommodate Monument production, the Shenandoah FPS capacity is being increased from 100,000 BOPD to 120,000 BOPD.  Partners

Shenandoah South, formerly known as North Yucatan, is an oil and gas discovery in the deepwater Gulf of America, adjacent to the Shenandoah field. Navitas acquired a 41.85% working interest in 2018.  The Shenandoah South partnership is actively advancing the project development plan. A subsea tie-back scheme to the Shenandoah infrastructure will provide a cost-effective development option, further proving the significant value creation of the Shenandoah infrastructure hub. Partners